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Bitcoin climbs above $28,000, hitting highest level since mid-August

From cnbc.com

Crypto prices rallied on Monday, pushing bitcoin to its highest level in more than a month. Bitcoin rose more than 4.5% to $28,329, for its highest level since Aug. 17, according to data from Coin Metrics. Ether rose more than 3% to cross above $1,700. The catalyst for bitcoin’s move was not immediately clear. There were several ether futures ETFs set to launch on Monday, which could be a positive sign for the crypto industry, which has been waiting to see whether the Securities and Exchange Commission will approve a true bitcoin ETF in the coming months. Bitcoin has risen for four-straight weeks and is now up about ... (full story)

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  • Category: Fundamental Analysis